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Nvidia CEO to explore Intel as company's chip manufacturer
By Arghyadeep Dutta - Mar 23, 2022, 09:36 PM ET
Last Updated - Feb 21, 2024, 03:08 AM EST
“We’re very open-minded to considering Intel,” Huang said on Wednesday at an online company event. “They’re interested in us using their foundries. We’re very interested in exploring it.”
• Nvidia, which uses TSMC and Samsung as its manufacturer, is trying to diversify its suppliers
• Intel would invest 80 billion euros in the EU over 10 years to buildup facilities for R&D to manufacturing to packaging
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Nvidia Corp (NASDAQ: NVDA) CEO Jensen Huang said it is considering Intel Corp (NASDAQ: INTC) as a possible manufacturer for its semiconductors.
“We’re very open-minded to considering Intel,” Huang said on Wednesday at an online company event. “They’re interested in us using their foundries. We’re very interested in exploring it.”
The comment from Nvidia comes as the company is trying to diversify its suppliers. Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics Co are the two companies that currently make chips for Nvidia.
“Foundry discussions take a long time. It’s not just about desire. We’re not buying milk here.”
Intel jumped nearly 2.5% to a session high on the news.
Last year, Intel CEO Pat Gelsinger said that the company is planning to construct new factories and manufacture products for competitors.
The U.S. chipmaker earlier this month announced that the company would invest 80 billion euros (nearly $90 billion) in the European Union over the decade to build up facilities for research and development to manufacturing to packaging technologies.
Huang said Intel’s effort to compete with the two Asian chip manufacturing giants would require more than building plants, it will have to change its culture and operations fundamentally.
“Being a foundry at the caliber of TSMC is not for the faint-hearted,” he added. “TSMC dances with the operations of 300 companies worldwide.”
Picture Credit: The Street
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